The Press: On the Tracks

Boston's rachitic Post, the Toonerville trolley of U.S. journalism, went back on the tracks last week after a derailment that put it out of circulation for eight days. It was the second time in six weeks that Publisher John Fox's morning daily had been forced by sheer lack of cash to stop publishing. But this time self-made Financier Fox, 49, did not come back to the controls. He stepped aside by declaring the Post bankrupt, and three court-appointed trustees began trying to dig the paper out of its $2.2 million pile of debts.

After arranging a $500,000 loan from a Manhattan...

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